Individual Retirement Account

Do something good for your future with a Heritage Oaks Bank IRA

An IRA from Heritage Oaks Bank is one of the best ways to realize tax-advantaged savings while supplementing your other retirement income sources. It's an option for individuals1 already saving for their retirement and desiring the advantages of a tax-deferred savings vehicle.

Account Features:

  • For 2016 and 2017, you can contribute up to a maximum of $5,500 (or $11,000 if filing jointly with spousal IRA) per year
  • At age 50 or older, you can contribute an additional $1,000 (or $2,000 if filing jointly with spousal IRA) per year
  • All you need is an earned income equal to the amount you contribute
  • IRA CDs are available in various terms with an minimum opening deposit of $1,0002
  • IRA savings accounts are available with an minimum opening deposit of $100
  • Low $25 annual fee and $25 dollar transfer or roll over fee for IRA savings and IRA CD accounts
  • Account closure fee of $25


  • Harness the power of compound earnings by deferring tax payments until retirement
  • Pay taxes on your investments when you retire and your tax rate might be lower
  • IRA contributions may be tax deductible the year the contribution is made; please consult
    with the IRS or your tax advisor for further information

To learn more about our Individual Retirement Account, visit a Financial Services Representative at any of our Central Coast locations, or call us at 805.369.5200.

  • See Fee Schedule and Truth in Savings Disclosure for additional fees, charges, terms and conditions that may apply to your account.
  • Each individual should consultant their tax professional for complete tax information including treatment of their IRAs.
  • 1 You must be under age 70-1/2 in the contribution year to contribute. Maximum yearly contribution amounts apply; see a Finacial Service Representative for more information.
  • 2 Minimum balance to obtain APY and open account is $1,000. A penalty will be imposed for early withdrawal.